09:03     Table 1 - Net Asset Value (NAV)                                     

    The following net asset values of the listed securities have been provided
    by the corresponding fund managers and issuers.                           
    (Fund price is marked with an asterisk (*))                               
    Date: 30/03/2005                                                          
    Stock           Stock Valuation      Net Asset Value/ Bid       Ask       
    Short Name      Code  Date       Cur Fund Price*      Price     Price     
    --------------- ----- ---------- --- ---------------- --------- --------- 
    CHINA MERCHANTS   133 28/02/2005 USD 1.033(HK$8.06)       --        --    
    CHINA ASSETS      170 28/02/2005 USD 1.2573               --        --    
    GR INV INTL       310 28/02/2005 HKD 0.54                 --        --    
    HARMONY ASSET     428 28/02/2005 HKD 1.24                 --        --    
    HSBC CHINA FUND   504 28/02/2005 USD 0.0033               --        --    
    LG CHINA FUND     509 18/03/2005 HKD 10.68                --        --    
    THAI-ASIA F LTD   540 25/03/2005 USD 0.2430               --        --    
    THAIASSET F PRE   543 25/03/2005 USD 3.61                 --        --    
    YU MING INV       666 28/02/2005 HKD 0.44                 --        --    
    PRIME INVEST      721 28/02/2005 HKD 0.05                 --        --    
    UBA INVESTMENTS   768 28/02/2005 HKD 0.090                --        --    
    THE NIPPON FUND   830 29/03/2005 USD 69.35                --        --    
    RADFORD CAPITAL   901 28/02/2005 HKD 0.084                --        --    
    HAYWOOD INV       905 28/02/2005 HKD 0.073                --        --    
    UNITY INV HOLD    913 28/02/2005 HKD 0.35                 --        --    
    ING BEIJING      1062 28/02/2005 HKD 0.352                --        --